Blackstone Group, a US-based private equity firm, has infused around Rs 800 crore in two under-construction commercial projects in Hyderabad being developed by Salarpuria Sattva Group.
The two projects -- Knowledge Park and Knowledge Capital -- have developable area of six million sq ft and are located in the Gachibowli and Hitech City areas.
Blackstone also invested Rs 470 crore in the office park project in Bengaluru in early- 2016.
With its second investment in Salarpuria’s projects, the total developable area under this partnership has increased to 13 million sq ft in Hyderabad.
The total investment across these three Salarpuria projects is around Rs 5,000 crore, which includes the equity capital that Blackstone has invested along with project-level debt that will be raised.